Government has recorded a remarkable 19.75% oversubscription in treasury bills, raising GH¢8.20 billion against a target of GH¢6.85 billion, according to the Bank of Ghana's auction results.
The surge in demand for short-term government securities comes just a week after John Dramani Mahama's victory in the December 7 general elections, reflecting renewed investor confidence in the nation's economic stability.
Breakdown of Treasury Bill Performance The 91-day T-bill emerged as the most sought-after instrument, securing GH¢6.74 billion, which accounted for a significant 82.1% of the total bids.
The 182-day T-bill followed with GH¢951.67 million, while the 364-day T-bill recorded GH¢508.15 million.
